Accounting Process – Ledgers 0 Accounting Process - Ledgers 1 / 30 Q.30 provision for doubtful debts account Personal account Real account Nominal account None of these 2 / 30 Q.29 Debtor's account Personal account Real account Nominal account None of these 3 / 30 Q.28 Accrued Interest account Personal account Real account Nominal account None of these 4 / 30 Q.27 salary account Personal account Real account Nominal account None of these 5 / 30 Q.26 Ledger book is popularly known as Secondary books of accounts Principle books of accounts Subsidiary books of accounts None of these 6 / 30 Q.25 The techniques of finding the net balance of an account after considering the total of both debits and credits appearing in the account is known as Posting Purchase Balancing of an account Arithmetically accuracy test 7 / 30 Q.24 Rent account Personal Real Nominal None of these 8 / 30 Q.23 Ledger is a book of - Original entry Secondary entry All cash transactions All non-cash transactions 9 / 30 Q.22 Process of recording transaction in ledger is known as _____. Balancing Posting Journalising None of above 10 / 30 Q.21 ________ gives summarized record of transactions relating to one particular account. Journal proper Subsidiary book Ledger Trial balance 11 / 30 Q.20 Carried down (c/d) balance indicates ________ balance. Opening Real Nominal Closing 12 / 30 Q.19 All entries are posted from journal to _________. Ledger Balance sheet Trail balance Cash A/c 13 / 30 Q.18 Wages A/c is transferred to _________ A/c. Trading A/c P & L A/c Trial Balance Any 14 / 30 Q.17 Total of sales book is ________ to sales account. Entered Moved Posted Given 15 / 30 Q.16 ________ is prepared from the balances in ledger account. List Journal Book Trial balance 16 / 30 Q.15 Left hand side of an account is called ___________ side. Credit Debit Middle Centre 17 / 30 Q.14 Debtors A/c shows _________ balance. Debit Credit Nominal Real 18 / 30 Q.13 Recording of an entry from Journal to ledger is called as ________. Balancing Posting Totalling Transferring 19 / 30 Q.12 Machinery A/c shows _________ balance. Credit Debit Positive Negative 20 / 30 Q.11 When the total of debit side of an A/c exceeds credit side, it is called _______ balance. Q.11 When the total of debit side of an A/c exceeds credit side, it is called _______ balance. Debit Credit Nil Real 21 / 30 Q.10 Goods destroyed by fire account An Asset account A Liability account A Revenue account An Expenses account 22 / 30 Q.9 Bad debts recovered account An Asset account A Liability account A Revenue account An Expenses account 23 / 30 Q.8 ICICI bank account An Asset account A Liability account A Revenue account An Expenses account 24 / 30 Q.7 cash account Personal account Real account Nominal account None of these 25 / 30 Q.6 goods misappropriated by an employee account is Personal account Real account Nominal account None of these 26 / 30 Q.5 M/S R & sons account Natural Personal Account artificial Personal account Representative Personal account None of these 27 / 30 Q.4 purchase of furniture is an expense a loss an asset None of these 28 / 30 Q.3 normally the following account are balanced personal account and nominal account real account and nominal account personal account and real account personal , nominal & real account 29 / 30 Q.2 ledger is a book of original entry all cash transaction secondary entry all non-cash transaction 30 / 30 Q.1 At the end of the accounting year all the nominal accounts of the ledger book are Balanced but not transferred to profit and loss account Not balanced and also the balance is not transferred to profit and loss account Balanced and the balance is transferred to balance sheet Not balanced and their balance is transferred to profit and loss account Your score is LinkedIn Facebook Twitter VKontakte